Economics

Sri Lanka Central Bank’s Foreign Reserves Remain Negative at US$728 Million (July 2024)

As of July 2024, Sri Lanka’s central bank continues to face a challenging financial situation, with net foreign reserves remaining in the negative at US$728 million. This represents a significant improvement from mid-2022, when net foreign assets were deeply negative at US$4.6 billion. The drastic decline in reserves in 2022 was driven by borrowing through

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Economics

National Consumer Prices Rise Slightly to 2.5% in July; Central Bank Confident in Controlling Inflation

National consumer prices in Sri Lanka saw a slight increase in July, rising by 2.5% compared to the same month last year. This marks a modest uptick from the 2.4% increase observed in June, as the high base effects from the previous year began to dissipate. Despite this year-on-year rise, prices for many food and

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Economics

July 2024 National Tea Sales Average Declines by 1.5%

In July 2024, the national tea sales average in Sri Lanka decreased by 1.5%, reaching Rs.1,223.88 (US $4.05) compared to Rs.1,243.69 (US $4.12) in June 2024, according to data from the Sri Lanka Tea Board. Despite this month-on-month decline, the July 2024 average shows a positive year-on-year (YoY) variance of Rs.212.44 and US $0.87 compared

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Tourism

Sri Lanka Sees Significant Boost in Tourist Arrivals in July

After a disappointing June, tourist arrivals in Sri Lanka surged in July, with the country welcoming 187,810 foreign visitors. This marks a 31.3 percent increase from a year ago, partly driven by the Dawoodi Bohra International Convention held in Colombo from July 7 to 19, which attracted approximately 15,000 foreign visitors. July’s tourist numbers represent

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Tourism

Tourist Arrivals in Sri Lanka Exceed 100,000 in July

Sri Lanka has welcomed over 100,000 tourists in July up to the 18th, according to the Sri Lanka Tourism Development Authority. The year-to-date total now stands at 1.119 million tourists.

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Markets

Gold Prices in Sri Lanka as of July 22, 2024

As of July 22, 2024, gold prices in Sri Lanka are as follows: Gold Prices by Unit:

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Markets

Gold Prices in Sri Lanka as of July 18, 2024

The gold prices in Sri Lanka for today are as follows:

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Markets

Gold Prices in Sri Lanka as of July 16, 2024

The gold prices in Sri Lanka for today are as follows:

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Markets

Current Gold Prices in Sri Lanka – 15th July 2024

As of 15th July 2024, the gold prices in Sri Lanka are as follows:

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Stock Market

Gold Price Today in Sri Lanka (5th July 2024)

Gold Price in Sri Lanka (5th July 2024) Gold Price Breakdown: Gold Unit Gold Price Gold Ounce Rs. 720,680.00 24 Carat 1 Gram Rs. 25,430.00 24 Carat 8 Grams Rs. 203,400.00 22 Carat 1 Gram Rs. 23,320.00 22 Carat 8 Grams Rs. 186,500.00 21 Carat 1 Gram Rs. 22,260.00 21 Carat 8 Grams Rs. 178,050.00

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